Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs 1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs 2,613.75 crore in the January-March period a year […]
Reliance Industries chairman Mukesh Ambani celebrates his 66th birthday today. Mukesh Ambani was born on April 19, 1957 in Yemen’s Aden and later moved to India. He was brought up in Mumbai. The business tycoon studied chemical engineering from the University of Bombay before joining his family business, Reliance Industries Ltd (RIL), in 1981. RIL […]
HDFC Bank on Wednesday informed that the Board of Directors has recommended the reappointment of Atanu Chakraborty as the part time non-executive chairman and independent director of the Bank to the Reserve Bank of India (RBI) for a second term of three years. “The Board of Directors of the Bank at its meeting held today, […]
The recent relaxations to listing regulations by the Securities and Exchange Board of India (Sebi) have paved the way for greater investor interest for IDBI Bank and the several CPSEs being privatised. This is because of an enabling provision in the new regulations which will make it much more certain the market regulator will take […]
The rupee gained 32 paise to close at 82.50 (provisional) against the US dollar on Thursday, supported by a weaker greenback overseas. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the currency. At the interbank foreign exchange market, the local unit opened at […]
Indian equity indices concluded Tuesday’s session broadly in green. The Sensex closed above 61,000 and the Nifty settled above 17,900. The top gainers of the Nifty 50 were UPL (up 3.61%), ITC (up 3.14%), Reliance Industries Ltd (up 2.44%), Adani Enterprises (up 1.88%) and Adani Ports (up 1.86%) while Apollo Hospital (down 2.45%), Eicher Motors […]
Indian equities are currently trading in the value zone with a two-year forward PE of less than 16x, after a time-based consolidation seen in the past two years, says Vijay Chandok, MD & CEO of ICICI Securities. In an interview with Ashley Coutinho, he says brokers having a strong presence in F&O will report robust […]
Investors became poorer by Rs 3.87 lakh crore on Wednesday amid a sell-off in the equity market that saw benchmark Sensex tumbling 928 points. Concerns over fresh geo-political tensions and weak global market trends ahead of the release of the minutes of the US Federal Open Market Committee meeting adversely impacted investor sentiments. The BSE […]
The Centre, which turned over a new a leaf in fiscal transparency in the Budget FY22 by ending its practice of off-Budget borrowings through state-run agencies, wants to pre-pay the remaining such outstanding liabilities of Rs 1.7 trillion over a reasonable period, but it can’t, as investors are unwilling to forego such high interest-bearing bonds, […]
Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. Rupala’s statement comes even as his ministry’s top official had last week stated that the stocks […]
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